Sinclair Balance Sheet Health
Financial Health criteria checks 2/6
Sinclair has a total shareholder equity of $392.0M and total debt of $4.4B, which brings its debt-to-equity ratio to 1114%. Its total assets and total liabilities are $5.8B and $5.4B respectively. Sinclair's EBIT is $176.0M making its interest coverage ratio 0.5. It has cash and short-term investments of $844.0M.
Key information
1,114.03%
Debt to equity ratio
US$4.37b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$844.00m |
| Equity | US$392.00m |
| Total liabilities | US$5.38b |
| Total assets | US$5.78b |
Recent financial health updates
Recent updates
Narrative Update • May 08
SBGI: Earnings Resilience And Completed Buyback Will Support Re Rating Potential
Narrative Update on Sinclair Analysts have trimmed their average price target on Sinclair by about $0.14 as they factor in softer revenue and profit margin assumptions, partly offset by a higher future P/E and refined discount rate inputs. Analyst Commentary Recent Street research on Sinclair shows a mix of cautious and constructive views, with several price target tweaks and commentary that focus on how the stock trades relative to execution and the broader economic backdrop.
Narrative Update • Apr 23
SBGI: Solid Finish And Resilient Margins Will Support Shares Ahead
Analysts have trimmed their average price target on Sinclair by about $0.30 to roughly $28.86, citing slightly softer revenue growth expectations, partly offset by firmer profit margin assumptions and a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Sinclair has been mixed, with some high profile firms trimming price targets while others point to what they view as a solid finish to the year and a more supportive setup for the shares around current levels.Narrative Update • Apr 09
SBGI: Higher Earnings Visibility Will Support Re Rating Potential
Analysts have raised their price target on Sinclair by about $1.65 to roughly $17.86, reflecting updated views on revenue growth, profit margins, and a lower assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts highlight what they describe as a solid finish to the year, which they view as support for their higher price targets and confidence in execution against recent guidance.Narrative Update • Mar 26
SBGI: Solid Finish And Steady Outlook Will Support Shares Going Forward
Narrative Update on Sinclair Analysts have lifted their price target on Sinclair to $30 from $27, citing what they describe as a solid finish to the year and limited expected pressure on the bottom line, assuming no material change in the broader economic environment. Analyst Commentary Bullish analysts are emphasizing that the higher US$30 price target, up from US$27, reflects confidence in Sinclair's recent execution and the way the company wrapped up the year.
Narrative Update • Mar 11
SBGI: Macroeconomic Weakness Will Limit Upside Despite Higher US$30 Price Objective
Analysts have lifted their price target on Sinclair to $30 from $27, pointing to what they describe as a solid finish to the year and limited expected pressure on the bottom line, unless the broader economic environment changes materially. Analyst Commentary The updated US$30 price target reflects confidence in Sinclair's recent finish to the year and in the current guidance framework, but it also comes with an important qualifier.Narrative Update • Feb 24
SBGI: Lower Future P/E Assumption Will Limit Further Share Upside
Analysts have raised their price target on Sinclair to $11, citing slightly higher modeled revenue growth, improved profit margin assumptions, and a lower future P/E multiple in their updated forecasts. Valuation Changes Fair Value: unchanged at $11.0 per share, indicating no revision to the headline valuation level.Narrative Update • Feb 09
SBGI: Scripps Stake Will Signal Intent Yet Likely Cap Future Upside
Analysts have modestly adjusted their price framework for Sinclair, keeping fair value around $11.00 while fine tuning assumptions on discount rate, revenue growth and profit margin in light of the company’s unexpected move to acquire an 8.2% stake in E.W. Scripps, which they view as a bold attempt to signal intent and potentially deter rival bidders. Analyst Commentary Street research has framed Sinclair’s 8.2% stake in E.W. Scripps as an assertive move that puts its intentions in plain view, while also highlighting the limits of what this position alone can achieve given the Scripps Family Trust’s voting control.Narrative Update • Jan 24
SBGI: Scripps Stake Will Likely Limit Influence And Constrain Future Upside
Narrative Update on Sinclair Analysts have modestly revised their price targets for Sinclair, reflecting slightly higher assumptions for revenue growth and profit margins, while also weighing the implications of Sinclair's recently disclosed US$10 per share implied move into E.W. Scripps as a bold attempt to signal its intentions to the market. Analyst Commentary Analysts are parsing Sinclair's disclosed move into E.W. Scripps carefully, treating it as a clear signal of intent but also a source of fresh execution questions.Narrative Update • Jan 09
SBGI: Scripps Stake Will Likely Add Governance Risk And Limit Future Upside
Analysts have adjusted their price target on Sinclair to US$11.00, reflecting updated views on revenue growth, margins and future P/E after the company’s bold move to acquire an 8.2% stake in E.W. Scripps, which is seen as a potential step toward a merger. Analyst Commentary Recent commentary around Sinclair’s 8.2% stake in E.W. Scripps points to a mix of interest and caution.Narrative Update • Dec 26
SBGI: Scripps Stake Will Likely Add Risk And Pressure Future Returns
Analysts have modestly adjusted their price target on Sinclair, reflecting slightly improved profit margin expectations and a still low future P E multiple, while also taking into account the strategic yet uncertain implications of its bold stake in E.W. Scripps. Analyst Commentary Bearish analysts acknowledge that Sinclair's stake in E.W. Scripps signals strategic ambition, but they view the move as high risk given Scripps' existing control structure and the uncertainty around any potential transaction path.Narrative Update • Dec 12
SBGI: Future Scripps Acquisition Efforts Will Likely Disappoint Elevated Market Expectations
Analysts have increased their price target for Sinclair to approximately $11 from about $8.50 per share, citing a slightly lower perceived risk profile, moderating revenue declines, and the potential strategic upside from its bold stake in E.W. Scripps. Analyst Commentary Bearish analysts acknowledge that Sinclair's stake in E.W. Scripps highlights management's willingness to pursue strategic transactions, but they caution that the structure and timing of any potential deal remain highly uncertain.Analysis Article • Nov 16
Sinclair, Inc. (NASDAQ:SBGI) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Sinclair, Inc. ( NASDAQ:SBGI ) shareholders would be excited to see that the share price has had a great month, posting...Analysis Article • Nov 09
Sinclair (NASDAQ:SBGI) Is Paying Out A Dividend Of $0.25
Sinclair, Inc. ( NASDAQ:SBGI ) has announced that it will pay a dividend of $0.25 per share on the 15th of December...Analysis Article • Nov 08
Analysts Are Updating Their Sinclair, Inc. (NASDAQ:SBGI) Estimates After Its Third-Quarter Results
The investors in Sinclair, Inc. 's ( NASDAQ:SBGI ) will be rubbing their hands together with glee today, after the...Seeking Alpha • Nov 06
Sinclair: A Solid Q3 But Debt Load Limits Upside
Summary Sinclair reported better-than-expected Q3 results, but faces ongoing secular headwinds from cord-cutting and a challenging advertising environment. SBGI's strong cost discipline drove an EBITDA beat, yet revenue remains pressured by weak political spending and industry-wide declines in traditional broadcasting. Heavy debt (6x leverage) limits Sinclair's ability to pursue large-scale M&A and adds volatility, despite ongoing bolt-on acquisitions and a strategic review of its Ventures unit. Shares offer an 11% normalized free cash flow yield and a 7.5% dividend, but SBGI is rated "Hold" due to debt, limited upside, and secular decline risks. Read the full article on Seeking AlphaAnalysis Article • Oct 26
Is Sinclair (NASDAQ:SBGI) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Aug 08
At US$12.36, Is Sinclair, Inc. (NASDAQ:SBGI) Worth Looking At Closely?
While Sinclair, Inc. ( NASDAQ:SBGI ) might not have the largest market cap around , it saw significant share price...Analysis Article • Jul 21
Sinclair (NASDAQ:SBGI) Shareholders Will Want The ROCE Trajectory To Continue
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...New Narrative • May 28
Political Ads And Streaming Will Reshape Media Amid Challenges
Digital and streaming initiatives, local sports content, and advanced ad tech are boosting audience engagement, revenue diversification, and digital profitability.Analysis Article • May 19
Calculating The Intrinsic Value Of Sinclair, Inc. (NASDAQ:SBGI)
Key Insights Sinclair's estimated fair value is US$18.53 based on 2 Stage Free Cash Flow to Equity Current share price...Analysis Article • Mar 22
There's Been No Shortage Of Growth Recently For Sinclair's (NASDAQ:SBGI) Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Analysis Article • Mar 05
Sinclair's (NASDAQ:SBGI) Solid Earnings Are Supported By Other Strong Factors
Investors were underwhelmed by the solid earnings posted by Sinclair, Inc. ( NASDAQ:SBGI ) recently. We did some...Analysis Article • Mar 01
Sinclair, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Sinclair, Inc. ( NASDAQ:SBGI ) came out with its full-year results last week, and we wanted to see how the business is...Analysis Article • Feb 28
At US$13.87, Is It Time To Put Sinclair, Inc. (NASDAQ:SBGI) On Your Watch List?
While Sinclair, Inc. ( NASDAQ:SBGI ) might not have the largest market cap around , it received a lot of attention from...Financial Position Analysis
Short Term Liabilities: SBGI's short term assets ($1.6B) exceed its short term liabilities ($672.0M).
Long Term Liabilities: SBGI's short term assets ($1.6B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: SBGI's net debt to equity ratio (898.7%) is considered high.
Reducing Debt: SBGI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SBGI's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: SBGI's interest payments on its debt are not well covered by EBIT (0.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/12 22:23 |
| End of Day Share Price | 2026/05/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sinclair, Inc. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Kurnos | Benchmark Company |
| Edward Atorino | Benchmark Company |
| Stephen Weiss | BofA Global Research |